In order to give the board more power and to prevent a hostile takeover bid, Shenzhen YingAn Financial Consulting Co., which represents the company’s 1,320 “business partners”, purchased 147.35 million A-shares in Vanke over the past four consecutive trading days and now holds 1.34% of Vanke. Based on Vanke’s shareholder structure announced in its 2013 annual report, Shenzhen YingAn is now the second largest shareholder in Vanke.